need clear solution a d correct answer asap pls answer not more than 1 hr. ill upvote asap

= QUESTION 12

= FORMULA SHEET

= GUIDE

Question 12 15 pts The Southwest Bond Company manufactures 3 final products AB and Cone by product, D and intermediate product R. During a recent month, the joint cost of producing 2.000 units of C. 2.500 units of Rand 450 units of by product was processed for $16,000. Product Rwas processed further into 1.500 units of A and 1,000 units of B at a cost of $12,000. Additional costs to complete A and B were $5,000 and $10,000, respectively. The unit selling prices of A, B, C and Dare $16, $15, $20 and $5 respectively. The by product D was processed further for $1,000 and is considered as Other Income. Required: Determine the Unit Cost of each final product and the Net Income when joint costs are allocated on the basis of relative net realizable valor. Use 2 decimal places when entering your final answers. Product Total Cost Unit Cost Net Income A B Ic Total Net Income STANDARD COSTING FORMULA SHEET 1. Material/Labor Variances: Actual Costs Incurred: Flexible Flexible Budget: Budget: Standard Input Allowed for Actual Input x Actual Output x Actual Input Standard Price/Rate Standard Price/Rate Actual Price/Rate Price/Rate Variance Efficiency Variance Flexible Budget Variance 1. Factory Overhead Variances: C. Material/Labor Efficiency (Mix and Yield) Variances = s[(Actual Individual Quantity Used x Individual Standard Material Mix Variance Price)) - (Actual Total Quantity Used x Weighted Standard Input Price) Material Yield Variance - (Actual Total Quantity Used - Standard Input for Actual Total Output) x Weighted Standard Input Price Labor Mix Variance - S[(Actual Individual Hours Used x Individual Standard Rate) - (Actual Total Hours Used x Weighted Standard Rate) Labor Yield Variance = (Actual Input Hours - Standard Hours for Actual Output) Weighted Standard Rate